Loan Note

Loan Note: BlackRock reflects on rate cut implications; Fitch finds defaults on the rise

BlackRock ponders likely rate cut outcomes. Plus: Fitch sees defaults rising; and AXA IM Prime takes a stake in a French infrastructure manager.

Loan Note: Schroders finds income bias driving LPs to private debt; student loan deal underlines ABF popularity

Schroders Capital reveals areas of most interest as investors continue to be driven by desirability of income. Plus: Carlyle and KKR’s student loan deal highlights ABF trend; and Hayfin announces Arctos-backed MBO.

Loan Note: Schroders and Phoenix agree pensions joint venture; Axos hires ex-Citi executive

Schroders and one of the UK’s largest defined contribution pension providers agree private markets initiative. Axos fund finance appoints ex-Citi exec; and CVC prices latest CLO.

Loan Note: Private debt defaults spike; Deutsche sees no recovery in real estate lending

Private credit defaults increased in the second quarter while Deutsche Bank reveals higher than expected loan losses in the real estate sector. Plus: MSCI launches a suite of private markets indexes.

Loan Note: Fundraising down in H1 but signs of a pick-up; European yields under the microscope

Hints of an improved picture for fundraising in our H1 data; Houlihan Lokey finds European yields trailing the US but beating broadly syndicated loans; and Deerpath upsizes a CLO.

Loan Note: Moody’s highlights private debt opacity and growth concerns; ADM Capital joins Temasek stable

Moody’s highlights ongoing regulatory concerns around private credit; Temasek unit adds ADM Capital to its fund manager roster; and why sports are ripe for private lending.

Loan Note: Golub index positive for US mid-market; Goldman spies change in deal structures

Golub index finds US mid-market continues to show resilience; Goldman suggests structure of private credit deals may change; and a new tokenisation effort in Singapore.

Loan Note: Schroders positions itself at forefront of tokenisation trend; Eiffel makes progress with SME-focused impact debt fund

Schroders Capital launches tokenisation initiative; Eiffel Investment hits halfway mark for ‘first impact fund’ for European SMEs; and it’s time for your Rising Stars nominations.

Loan Note: Federated Hermes raises red flag over debt burdens; ELTIF 2.0 gets vote of confidence

Federated Hermes highlights companies struggling with leverage and increased cost of debt; BlackRock endorses ELTIF 2.0; and it’s time for your Rising Stars nominations.

Loan Note: For some companies, sponsor support is a short-term fix only; Qualitas lines up debt fund

Fitch finds sponsor support may only delay the inevitable when it comes to defaults; Oaktree foresees a refinancing struggle for some borrowers; and Spain’s Qualitas plans to launch a new credit fund.